OTHER NEWS - May 28, 1993
From Times Staff and Wire Reports
WellPoint Touted for Cost Cuts: A Merrill Lynch analyst recommended “aggressive purchase” of shares of WellPoint Health Networks, citing the Blue Cross of California unit’s move to slash payments to specialist doctors in its 1.8-million member Prudent Buyer Plan. The action “demonstrates just how powerful WellPoint is in the California market,” analyst Lucy Olwell said. Blue Cross sold 17.5% of WellPoint in a public offering last January.
